La Mission Haut Brion 2000
La Mission Haut Brion appears to be on something of a, well, mission. This legendary estate always sat in rather lonely territory, the defacto “sixth First Growth”, having been left out of the 1855 classifications. It nonetheless enjoyed similar levels of desirability, reputation and indeed price as the Big 5.
For many decades, centuries perhaps, the price you would pay for a bottle of LMHB was a mere sniff below that of a First Growth from the same vintage. Much like Ausone on the right bank, that margin opened up wildly in the fierce China-lead price growth of Lafite et al a decade or so ago, and more recently LMHB prices have behaved more like a Super-Second.
Which brings us right up to date. The dreamy 100 Parker point 1989 has been motoring ahead. It has rocketed from £8,500 to £13,500 in under 24 months, placing it very firmly back in the premiership league.
The 1989 is not alone when it comes to the high price tag. The fantastic 1982, also 100 points from his royal Bobness trades at £13,000 per case.
Why is this interesting? Missed boats ‘n’ all that? Well perhaps not. Right now, the 2000 vintage of LMHB looks very much like a coiled spring to us.
Trading at “just” £5,400 it’s 61% and 70% discount to 2000 Lafite and Mouton respectively, yet LMHB outguns both on points – it’s 100 vs their respective 98 & 96. This is in part due to the fact that LMHB has not (yet) benefited to the suitable degree from the “millennium premium”. Parker calls this wine “one of the wines of the vintage” but points out it’s still young. Most critics agree it’s only just entering its drinking window now (2020 – 2050 Parker) so this will surely put additional upward pressure on price.
We reckon that in the balance of probabilities, LMHB 2000 will be the next to take off. On a relative value basis, it is looking downright cheap and highly recommended.